Keurig Dr Pepper (KDP) CLO receives large RSU grants and tax share withholding

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. Chief Legal Officer Anthony Shoemaker reported several equity award transactions. On March 4, 2026, he received two new restricted stock unit (RSU) grants covering 38,968 RSUs and 103,915 RSUs, each at no cash cost and each representing a right to one share of common stock upon vesting.

The 38,968 RSUs vest in four 25% installments on March 4, 2027, 2028, 2029, and 2030, while the 103,915 RSUs vest one third on each of March 4, 2027, 2028, and 2029. On March 5, 2026, 6,757 previously granted RSUs, originally awarded on March 5, 2025, converted into 6,757 shares of common stock, and 2,659 shares of common stock were withheld at $28.05 per share to cover taxes related to the vesting. After these transactions, Shoemaker directly owned 140,281 shares of common stock.

Insider Trade Summary

6,757 shares exercised/converted

Mixed 5 txns

Insider Shoemaker Anthony

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	6,757	$0.00	--
Exercise	Common Stock	6,757	$0.00	--
Tax Withholding	Common Stock	2,659	$28.05	$75K
Grant/Award	Restricted Stock Unit	38,968	$0.00	--
Grant/Award	Restricted Stock Unit	103,915	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 20,271 shares (Direct); Common Stock — 142,940 shares (Direct)

Footnotes (1)

1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3. Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. As previously disclosed, these RSUs were granted on March 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shoemaker Anthony

(Last) (First) (Middle)

6425 HALL OF FAME LANE

(Street)

FRISCO TX 75034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Keurig Dr Pepper Inc. [ KDP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/05/2026		M		6,757	A	$0(1)	142,940	D
Common Stock	03/05/2026		F		2,659(2)	D	$28.05	140,281	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(3)	03/04/2026		A		38,968		(3)	(3)	Common Stock	38,968	$0	38,968	D
Restricted Stock Unit	(4)	03/04/2026		A		103,915		(4)	(4)	Common Stock	103,915	$0	103,915	D
Restricted Stock Unit	(5)	03/05/2026		M			6,757	(5)	(5)	Common Stock	6,757	$0	20,271	D

Explanation of Responses:

1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

2. Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.

3. Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

4. Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

5. As previously disclosed, these RSUs were granted on March 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.

Remarks:

	/s/ Mark Jackson, attorney in fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Keurig Dr Pepper (KDP) report for Anthony Shoemaker?

Keurig Dr Pepper reported that Chief Legal Officer Anthony Shoemaker received two new restricted stock unit grants and had previously awarded RSUs convert into common stock, with some shares withheld to cover taxes. These transactions reflect equity-based compensation rather than open-market stock purchases or sales.

How many restricted stock units did Anthony Shoemaker receive at Keurig Dr Pepper (KDP)?

Anthony Shoemaker received two new restricted stock unit grants totaling 142,883 units: one grant of 38,968 RSUs and another of 103,915 RSUs. Each RSU represents a contingent right to receive one share of Keurig Dr Pepper common stock if the applicable vesting conditions are satisfied.

What are the vesting schedules for Anthony Shoemaker’s new RSUs at Keurig Dr Pepper (KDP)?

The 38,968 RSUs vest in four installments of 25% each on March 4, 2027, 2028, 2029, and 2030. The 103,915 RSUs vest in three equal one-third installments on March 4, 2027, March 4, 2028, and March 4, 2029, subject to stated vesting conditions and exceptions.

Did Anthony Shoemaker sell Keurig Dr Pepper (KDP) shares in this Form 4 filing?

The filing shows shares disposed only for tax withholding related to RSU vesting, not an open-market sale. Specifically, 2,659 shares of common stock were withheld at $28.05 per share to satisfy applicable tax obligations under Rule 16b-3 when restricted stock units vested.

How many Keurig Dr Pepper (KDP) shares does Anthony Shoemaker own after these transactions?

After the reported transactions, Anthony Shoemaker directly owned 140,281 shares of Keurig Dr Pepper common stock. This figure reflects both the conversion of vested restricted stock units into shares and the shares withheld to pay taxes in connection with the vesting event.

What happened to the previously granted RSUs from March 5, 2025, at Keurig Dr Pepper (KDP)?

Previously granted RSUs from March 5, 2025 vested in a 25% installment on March 5, 2026 and converted into 6,757 shares of common stock on a one-for-one basis. These awards vest over four annual installments under Keurig Dr Pepper’s Omnibus Stock Incentive Plan of 2019.